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Grade A Office Availability Rate Drops Further, High Street Leasing Activities Focus on Kowloon

  • Residential Market: Market sentiment turned more cautious in Q3, with total residential transaction numbers slipping by 40% q-o-q and 21% y-o-y to record around 13,240 cases. Home prices softened by 0.8% between July and August, yet, supported by stronger 1H performance, still recorded a cumulative rise of 7% in the first eight months of 2026.
  • Grade A Office Market: Citywide net absorption reached 412,400 sq ft in Q3, mainly driven by expansion activities by the banking, financial services and insurance (BFSI) sector. Rents in Greater Central continued to pick up, while rental level declines in non-core submarkets narrowed. The overall office market rental level is expected to rise by +5% to +7% in 2026.
  • Retail Market: Overall retail sales growth remained resilient on the back of growing tourist arrivals and stronger economic fundamentals supporting local consumption sentiment. The overall high street vacancy rate remained broadly stable in Q3, with leasing activities concentrated in Mongkok and Tsimshatsui.

HONG KONG SAR – Media OutReach Newswire – 5 October 2026 – Global real estate services firm Cushman & Wakefield today held its Hong Kong Property Markets Q3 2026 Review andOutlook press conference. The Hong Kong residential market entered a consolidation phase in Q3 amid a shift in the U.S. Federal Reserve’s interest rate outlook, increased stock market volatility, and tighter cross-border capital controls in the Chinese mainland. Against this backdrop, residential transaction numbers dropped by 40% q-o-q to record around 13,240 cases in Q3, while home prices declined by 0.8% during July and August. In the Grade A office market, the total new leased area for Q3 reached 1.4 million sq ft, the highest quarterly level since 2019, supported by expansion activities from the BFSI sector. Citywide net absorption reached +412,400 sq ft for the quarter, bringing the overall availability rate to trend further downward, while YTD rental growth recorded +6.1%. In the retail sector, total retail sales remained resilient in Q3. The overall high street vacancy rate remained broadly stable during the quarter, chiefly supported by more active leasing commitments in Mongkok. Leasing activity in Hong Kong Island districts moderated somewhat.

Grade A office leasing market:BSFI expansion demand fuels leasing momentum

The Q3 2026 period marked another active quarter for Hong Kong’s Grade A office market. Total new leased area reached 1.4 million sq ft in Q3, the highest quarterly level since 2019. The banking, financial services, and insurance (BFSI) sector, and consumer products / manufacturing sectors, were the key demand drivers, with BFSI occupiers largely expansion-led. Citywide net absorption reached +412,400 sq ft in the quarter. This performance helped pull down the overall availability rate 0.4 percentage point q-o-q to 19.1%. Core district rents continued to outperform non-core areas. Greater Central rents continued to climb by a further 3.0% q-o-q in Q3, while non-core area rental level declines further narrowed. Rents in Hong Kong East and Hong Kong South edged up slightly in Q3. The overall citywide rental level rose by 1.7% q-o-q in Q3, bringing YTD rental growth to +6.1%.

John Siu, Managing Director, Hong Kong, Cushman & Wakefield,said, “Rents in Greater Central grew by 13% YTD, reflecting strong demand for prime offices. However, mid-priced Grade A offices, particularly those with net effective rents of around HK$45-60 psf, are expected to continue facing headwinds, as abundant existing space and forthcoming supply across multiple submarkets within this price range is likely to sustain intense competition.”

Siu added, “Looking ahead, positive market momentum is likely to partly offset the scheduled 1.2 million sq ft of new supply in Q4, keeping the availability rate broadly stable at 19% to 20% at the year-end. With a decelerating supply pipeline beyond 2026, availability may have passed its cyclical peak in 2025, but non-core areas will continue to face absorption pressure. Full-year rental growth in Greater Central is now projected to grow by +12% to +14%, supporting the citywide Grade A office rental level to rise by +5% to +7% in 2026.”

Retail leasing market: Retail sales growth remains resilient, with Mongkok leading high street leasing activities

Hong Kong retail sales growth remained resilient in Q3, driven by growing tourist arrivals and stronger economic fundamentals supporting local consumption sentiment. The city’s overall retail sales for the January to August 2026 period reached HK$266 billion, up 8.5% y-o-y. Among key retail categories, the Jewellery & Watches sector recorded the strongest performance, recording y-o-y sales growth of 22.6%. Other sectors, such as Medicines & Cosmetics (+5.0%) and Fashion & Accessories (+3.2%), recorded more modest low single-digit growth.

The overall high street vacancy rate remained broadly stable at 5.4% in Q3, chiefly supported by more active leasing commitments in Mongkok, with the district’s vacancy rate dropping to 4.8% from 8.6% in Q2. In Tsimshatsui, although the vacancy rate moved up to 9.5%, notable new transactions were also recorded during the quarter. On Hong Kong Island, vacancy rates in Causeway Bay and Central increased in Q3, rising to 5.1% and 1.4%, respectively, after remaining at 0% for two consecutive quarters. With prime retail spaces in both districts fully occupied in previous quarters, leasing activity moderated in Q3.

High street retail rents in both Causeway Bay and Tsimshatsui remained unchanged in the quarter. In Mongkok, stronger leasing momentum supported a 0.4% q-o-q rise in rental levels. As for Tsimshatsui, a slowdown in the luxury segment combined with relatively high vacancy weighed on the district’s rental performance, resulting in a fall of 1.1% q-o-q. In the F&B sector, rents remained under pressure amid high availability, dropping within a 1% range q-o-q across the four key districts.

John Siu commented, “We have observed stronger leasing demand from Japanese, South Korean and Thai brands in recent months. Looking at the first-stores recorded so far this year, approximately 36% originated from Japan, South Korea and Thailand, similar to the share accounted for by Chinese mainland brands, while exceeding the 29% recorded for 2025 full-year. We expect this trend to continue through the remainder of the year. Looking ahead, the Hong Kong retail market is expected to remain supported by resilient local consumption resulting from stronger economic fundamentals, together with greater tourist spending underpinned by a stronger RMB, and a pipeline of planned mega-events. These factors will bring continued momentum to the city’s retail market. We also expect local and non-local retailers to remain selective, with demand focused on well-located retail spaces in core districts offering attractive rental packages. In turn, the city’s retail market is likely to maintain a gradual recovery trajectory. We forecast high street retail rents in Causeway Bay and Central to pick up by 2% to 3% y-o-y in 2026, with Tsimshatsui and Mongkok recording modest rental growth of 1% to 2% y-o-y.”

Residential Market: Home prices consolidate as transaction numbers cool in Q3, rate hikes remain key

The Hong Kong residential market consolidated somewhat in Q3 following the strong momentum recorded in 1H. After the sustained release of purchasing power over the past year, coupled with the shift of the U.S. Federal Reserve rate direction, increased stock market volatility and heightened uncertainties, some prospective buyers reverted to a wait-and-see stance. This resulted in a noticeable slowdown in transaction activity from July onwards. The monthly transaction number, which averaged more than 7,000 cases in Q2, fell back to around 4,000 deals between July and September. A total of 13,242 residential transactions were recorded in Q3, down 40% q-o-q, bringing cumulative transactions to reach 54,052 cases for the first nine months of the year, representing an 18% increase y-o-y.

Edgar Lai, Senior Director, Valuation and Consultancy Services, Hong Kong, Cushman & Wakefield, commented, “Housing price growth momentum decelerated in Q3 2026. Rating and Valuation Department data suggests that the overall residential price index softened by 0.8% in the two months from July to August, yet still achieved 7.0% growth for the first eight months of 2026. Meanwhile, our Cushman & Wakefield mid-and-small size units price index shows that home prices mildly dropped 0.1% q-o-q, yet still registering a cumulative increase of 7.7% year to date. Our tracking of popular housing estates shows that prices softened in Q3 across different market segments. Prices at City One Shatin, representing the mass market, declined by 5.7% q-o-q, while prices at Taikoo Shing, representing the mid-market, dropped by 0.6% q-o-q. Residence Bel-Air, representing the luxury segment, retreated by 3.8% q-o-q. Following the sustained release of purchasing power over the past year, coupled with tighter cross-border capital controls from the Chinese mainland, and the U.S. Fed rate hike of 0.25% in September, our September Verbal Enquiry Index declined by 35% compared with the peak seen in May.”

Rosanna Tang, Deputy Managing Director, Head of Research, Hong Kong, Cushman & Wakefield, added, “The city’s residential market consolidated in Q3, with monthly transactions retreating to around 4,000 cases. The slowdown reflects a more cautious stance among homebuyers amid shifting interest rate expectations and heightened external uncertainties. Looking ahead, the frequency and pace of rate hikes, together with whether local banks will follow suit, will be the key factors affecting homebuyers’ purchasing decisions and affordability. Given the slower pace of transactions in Q3, we have revised our full-year residential transaction forecast to around 67,000 to 68,000 cases.

“As for pricing, should the U.S. Fed rate further increase in Q4, the residential market is expected to remain in a consolidation phase, with 2026 annual home prices likely to fluctuate in a narrow range near +7%. The rental market, however, will be more resilient underpinned by rental demand brought by the inflow of talent, non-local students, and new entrants to the city. With rental growth of 4.9% recorded in the first eight months of the year, we project a 5% to 7% y-o-y increase for the full year of 2026.”

Hashtag: #CWK

The issuer is solely responsible for the content of this announcement.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 53,000 employees in nearly 350 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2025, the firm reported revenue of $10.3 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.hk or follow us on LinkedIn (https://www.linkedin.com/company/cushman-&-wakefield-greater-china).

BANGKOK, THAILAND – Media OutReach Newswire – 5 October 2026 – The Long-Term Resident (LTR) visa has attracted 12,010 high-potential foreigners to Thailand in four years, generating approximately USD 1.28 billion (THB 43 billion) in economic value, according to the Board of Investment (BOI). The visa is a key mechanism for attracting executives and highly skilled personnel for future industries while increasing purchasing power and stimulating domestic spending and economic activity. A new online system now links services from four government agencies in an integrated process.

Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI)
Mr. Narit Therdsteerasukdi, Secretary General of the Thailand Board of Investment (BOI)

Introduced in September 2022 to attract high-potential foreigners to reside and conduct economic activities in Thailand, the LTR visa program has generated an average economic value of more than USD 107,000 (THB 3.6 million) per recipient, according to BOI data. The calculation covers visa fees, spending in Thailand by visa holders, direct investment, and tax revenue from highly skilled professionals.

Amid intensifying global competition for highly skilled personnel, the LTR visa is an important mechanism for bringing global talent into Thailand. This is particularly relevant as the country prepares for a new wave of investment in advanced-technology industries, including semiconductors and advanced electronics, digital technology and AI, humanoid robotics, aviation, and biotechnology.

“The LTR visa is a strategic pillar to attract global talent as Thailand absorbs a new wave of advanced technology investments,” said Narit Therdsteerasukdi, Secretary General of the Board of Investment. “Drawing top-tier executives and technical specialists from around the world is vital to strengthening our national competitiveness and securing technology transfers from international partners.”

Approved LTR visa recipients primarily come from leading economies. The United States accounts for the largest group, with more than 2,400 approvals, followed by Japan with more than 1,300 and the United Kingdom with more than 1,000. Japanese nationals comprise a notable share of the specialist bracket, aligning with Japan’s heavy footprint in Thailand’s automotive and precision-electronics supply networks.

The 12,010 approved LTR visa recipients fall into five categories: 1,779 Highly-Skilled Professionals; 1,043 Work-from-Thailand Professionals, who work from Thailand for overseas employers; 737 Wealthy Global Citizens; 4,561 Wealthy Pensioners; and 3,891 Dependents of recipients in the first four categories.

Among recipients in the Highly-Skilled Professionals and Work-from-Thailand Professionals categories, 54% hold executive-level positions and 36% are professionals in various fields; the remainder are at the technical level. Applicants in each category must meet specific criteria, such as requirements relating to assets, income, investment evidence, work experience, and health insurance, and undergo rigorous checks by the relevant agencies.

To handle rising application volumes and remove long-standing administrative bottlenecks, the BOI rolled out an integrated digital processing portal in September 2026. The platform centralizes review procedures across four primary state bodies: the Department of Consular Affairs, the Immigration Bureau, the Department of Employment, and the Revenue Department.

Complementing the portal, the Thailand Investment and Expat Services Center (TIESC), a one-stop service center, is located on floors 6-7 of the Parade Zone at One Bangkok. “The center is intended to strengthen Thailand’s competitiveness in continuously attracting high-potential talent from around the world,” said Mr. Narit.

In addition to attracting foreign talent through the LTR visa, BOI also facilitates visas and work permits for executives and personnel working in BOI-promoted businesses through the BOI Visa, and offers the Smart Visa for startups. BOI also supports the skills development of Thai personnel through the Skill Bridge measure, and helps Thai entrepreneurs adopt modern technology to enhance their competitiveness through the Business Transformation measure. These measures work hand in hand to attract international experts, develop Thai personnel, and upgrade Thai businesses, strengthening Thailand’s readiness for the transition to a new economy driven by technology and innovation.


Note: Currency conversions are based on the Bank of Thailand’s average selling rate of approximately 1 USD = 33.6 THB.

Hashtag: #Thailandboardofinvestment #BOI #FDI #Investment

The issuer is solely responsible for the content of this announcement.

Thailand Board of Investment (BOI)

Established in 1966, the Office of the Board of Investment (BOI) has played an important role for more than 60 years in promoting value-creating investment by both foreign and Thai investors, strengthening competitiveness and supporting Thailand’s sustainable economic restructuring toward the new economy.

HONG KONG SAR – Media OutReach Newswire – 5 October 2026 – Amid rising operating costs and accelerating digital transformation, many small and medium-sized enterprises (SMEs) in Hong Kong are facing increasing pressure from equipment investment, limited manpower resources, and the growing complexity of print management across multiple departments. For organizations with multiple teams, office locations, or hybrid work arrangements, maintaining a reliable and efficient printing environment at a reasonable cost has become an important operational challenge.

MPS A4 Banner

Most businesses primarily print A4 documents such as contracts, invoices, reports, and administrative paperwork. When A4 printing is sufficient to meet the majority of daily business requirements, investing in larger and more expensive printing equipment may not be necessary. Brother’s Managed Print Service (MPS) allows businesses to flexibly deploy printing resources according to actual operational needs without incurring substantial upfront capital expenditure. The service also provides comprehensive consumables management, maintenance, and professional technical support, making print management simpler and more efficient.

Comprehensive Print Management That Reduces Administrative and IT Workloads

Traditional printer ownership often involves purchasing equipment, replenishing consumables, arranging repairs, and managing technical support, all of which can increase administrative efforts and hidden operating costs, particularly for SMEs without dedicated IT or administrative teams.

Brother’s Managed Print Service includes printer usage, consumables supply, maintenance services, and technical support. This enables businesses to enjoy a reliable printing experience without spending additional time managing day-to-day printing operations, allowing resources to be redirected toward core business development.

Eliminate Large Capital Expenditure and Improve Cash Flow Management

For growing businesses and startups, major investments in office equipment can significantly impact cash flow planning.

Under the monthly subscription model, businesses pay a fixed monthly fee to access professional-grade Brother printing equipment without making a substantial upfront investment. The service also does not impose a fixed monthly print volume limit, enabling organizations to adjust printing usage and device deployment according to operational needs. This flexibility helps businesses control costs more effectively while minimizing resource underutilization and wastage.

Flexible Multi-Device Deployment for Greater Departmental Productivity

For organizations with multiple departments or work teams, relying on a single shared printer can often result in wait times and reduced document processing efficiency.

Brother’s Managed Print Service solution enables businesses to deploy multiple printers according to actual operational requirements. For example, administrative, human resources, finance, and sales departments can each be equipped with printers tailored to their specific needs. This helps minimize waiting time, reduce cross-department disruptions, improve workflow efficiency, and enhance document confidentiality.

The solution is also well-suited for organizations with multiple offices, retail outlets, or distributed business teams, providing centralized management of multiple devices while ensuring consistent technical support and after-sales service.

Proactive Consumables Replenishment Minimizes Business Disruptions

Many businesses have experienced workflow interruptions caused by depleted toner or consumables, potentially delaying important document production, customer service, and internal operations.

Brother’s Managed Print Service automatically monitors printer performance and consumables usage, proactively arranging replenishment before supplies run low. For industries with high printing demands, such as insurance, financial services, logistics, professional services, and education, this not only reduces administrative workload but also minimizes inventory management and procurement-related tasks.

Designed for Hong Kong Offices and Hybrid Work Environments

As hybrid working becomes increasingly common, businesses require more flexible approaches to printer deployment.

Brother offers a range of compact yet feature-rich printers that are particularly suitable for Hong Kong’s space-constrained office environments, departmental workspaces, and shared offices. With a smaller footprint while still meeting everyday business printing requirements, these devices help organizations make better use of valuable office space.

In addition, Brother provides remote technical support services to assist with device setup, network connectivity, and other technical issues, reducing the day-to-day support burden on IT teams.

Five Key Benefits of Choosing Brother “Managed Print Service”

  • Reduce large upfront procurement costs and adapt flexibly to changing business needs
  • Proactive consumables replenishment to minimize inventory management and purchasing efforts
  • Maintenance and professional technical support to reduce equipment downtime risks
  • Automated usage monitoring to lower administrative and management workload
  • Compact printer design ideal for Hong Kong’s limited office space

Focus on Growing Your Core Business

Through its monthly subscription model, flexible device deployment, automated consumables management, and professional technical support, Brother’s Managed Print Service helps businesses simplify print management, reduce overall operating costs, and improve productivity across departments and locations.

When most printing requirements consist primarily of A4 documents, businesses can select the most suitable device configuration based on their actual operational needs without allocating additional resources to infrequent printing demands. By adopting a more flexible and streamlined print management approach, organizations can focus on growing their business, serving customers, and driving innovation, ultimately strengthening their competitive advantage.

Learn more about Brother “Managed Print Service” and limited-time offers:
Website: https://www.brother.com.hk/en/solutions/mps
WhatsApp Enquiries
Email: [email protected]

Information contained in this release is accurate at the time of publication and is subject to change without prior notice.
Hashtag: #BrotherHK #BrotherMPS #BusinessSolutions #OfficeSolutions #PrintManagement #PrinterRental #OfficeSolutions #Sustainability



The issuer is solely responsible for the content of this announcement.

About Brother International (HK) Limited

Founded in Japan in 1908, Brother has over 110 years of history. It has developed into an international brand with 16 production facilities and 51 sales points worldwide, spanning 44 countries. Brother produces high-quality and innovative products for the printing and imaging, labelling, and sewing markets, maintaining a leading position in the industry. Its main products include a variety of inkjet and laser printers, multifunction printers, fax machines, scanners, label printers, and a range of home sewing machines and commercial embroidery machines.
As a trusted brand, Brother adheres to a “customer-first” philosophy in all aspects of its business, continually meeting diverse customer needs and market challenges with comprehensive and high-quality solutions.
Brother International (Hong Kong) is one of the leading suppliers of home, office, and industrial products in Hong Kong. Established in 1994, it has been serving customers in Hong Kong and Macau for over 30 years. According to IDC’s Global Hardware Peripheral Tracker report, Brother’s A3 multifunction colour inkjet printer has been the number one in shipment volume in the world for 18 consecutive years from 2008 to 2025, reaffirming Brother’s business success in the region.
For more information about Brother Hong Kong, contact our WhatsApp at (852) 3187 0505 or visit the website www.brother.com.hk。
NOTE: All brand and products names are trademarks or registered trademarks of their respective companies.

The UAE Jiu-Jitsu National Team ended its Aichi-Nagoya 2026 Asian Games campaign with a record five gold medals, completing an eight-medal haul that marked its strongest performance at the continental event. The team collected five golds, two silvers and one bronze across the jiu-jitsu competition, improving on the four gold medals won at Hangzhou 2023 and the two secured at Jakarta 2018. Gold medals went to Balqees […]

Transforming QS Practice in a New Era: Integrating Digital Construction, Collaborative Contracting and Payment Security

HONG KONG, CHINA – Media OutReach Newswire – 3 October 2026 – The Hong Kong Institute of Surveyors (HKIS) Quantity Surveying Division hosted the HKIS Quantity Surveying Division Conference 2026 (the Conference) today at the CIC-Zero Carbon Park.

This year’s theme, “Transforming QS Practice in a New Era: Integrating Digital Construction, Collaborative Contracting and Payment Security”, reflects the evolving role of Quantity Surveyors during a time of economic restructuring.

The Conference brought together around 200 participants both in person and online, including government officials, industry leaders, professionals, academics, and young practitioners.

Mr LAU Chun Kit, Ricky, JP, Permanent Secretary for Development (Works) for Development Bureau of the HKSAR Government, attended as the Guest of Honour and delivered a keynote speech.

Quantity Surveyors are trained professionals with expert knowledge of construction costs and contracts who play a crucial role throughout the project development cycle, from investment feasibility studies and procurement strategy to commercial governance, contract administration, and dispute management. The seminar aims to explore how, amidst the ever-changing landscape of the digital revolution and the implementation of new legislation, quantity surveyors can evolve from their traditional roles in contract and cost management into enablers who drive successful value creation in construction projects.

Mr. LAU Chun Kit, Ricky, JP, Permanent Secretary for Development (Works), Development Bureau, said: “The theme of this year’s conference is both timely and visionary. The Conference serves as a strategic platform for surveying practitioners and professionals to exchange insights, explore best practices, and formulate a collective vision for the future of the surveying profession. The insights and best practices generated will not only contribute in advancing the role of surveying profession in the new era, but also reinforcing Hong Kong’s position as a leader in construction excellence.”

The conference featured 20 distinguished speakers from Hong Kong Government bureaux and departments, the private sector, academia, professional institutions, and law firms to share their insights and best practices in the quantity surveying field. Through thought-provoking discussions, the event not only enhanced participants’ technical knowledge but also catalyzed long-term cross-sector collaboration, empowering the industry to continuously deliver highly efficient and resilient built assets in the future.”

Sr WAN Wai Ming, Tony, President of the Hong Kong Institute of Surveyors, noted in his welcome speech, “As the construction landscape undergoes profound shifts, quantity surveyors are evolving from traditional cost guardians into strategic value architects. Under this year’s theme, we gather to explore emerging challenges, tackle critical issues, and seize new opportunities. Together, we redefine our professional identity, share actionable insights, and shape a forward-looking roadmap for the quantity surveying industry in Hong Kong.”

Sr TING Yuen Chun, Eric, Chairman of the HKIS Quantity Surveying Division, acknowledged that the built environment is facing increasingly complex social and economic pressures. He emphasised that these challenges serve as an important reminder that, while technology is a vital enabler of progress, built-environment professionals must continue to apply their expertise and professional judgement, while strengthening collaboration across disciplines, to navigate change and deliver sustainable value to society.

Sr WONG Kin Yan, Winnie, Organising Committee Chair of the Conference stated in her closing remarks, “Developments in Collaborative Contracting, Digital Construction, and Payment Security present an opportunity for our profession to evolve beyond traditional cost management.

Today’s quantity surveyors are increasingly called upon to serve as trusted advisers, driving collaboration, leading digital transformation, and championing transparency and fairness across the entire project lifecycle. By embracing these changes, we can continue to play a pivotal role in delivering sustainable, resilient and high-performing built assets for our community.”

List of Speakers (in order of presentation delivery)

Keynote Speech by Guest of Honour

  1. Mr LAU Chun Kit, Ricky, JP, Permanent Secretary for Development (Works), Development Bureau, HKSARG

Session 1: Collaborative Contracting

  1. Mr LEUNG Lap Ki, Francis, Team Leader (Trade & Procurement), Development Bureau, HKSARG
  2. Sr CHOI Wing Chung, Hayman, Project Strategy and Delivery Leader (Asia), Mott MacDonald Hong Kong Limited
  3. Ir LEUNG Cheuk Lun, NEC Strategic Advisor, Civil Engineering and Development Department, HKSARG
  4. Ir WANG Yan Hua, Chairman and Managing Director, China Road and Bridge Corporation (Hong Kong)
  5. Sr Yau Wan Fong, Deputy Director, WT Partnership (HK) Limited

Session 2: Digital Construction

  1. Mr WU Jin Ying, Technical Officer, Glodon (Hong Kong) Software Limited
  2. Mr Elvis LI, CEO, isBIM Limited
  3. Ir NG Chun Keung, CEO, dRoW Limited
  4. Mr Put HUI, Senior Digital Transformation Lead, Innovative Technology, Gammon Construction Limited
  5. Mr Ronald CHAN, Head of Sustainability for APAC, Currie & Brown
  6. Sr Sunny CHOI, Chairman of Digitalisation Sub-committee, Quantity Surveying Division, The Hong Kong Institute of Surveyors; Past Chairman of Quantity Surveying Division, The Hong Kong Institute of Surveyors (2021-2023)
  7. Sr Dr Paul HO, Past Chairman of Quantity Surveying Division, The Hong Kong Institute of Surveyors (2005-2006)

Session 3: Payment Security

  1. Sr Tommy CHAN, Executive Director, Arcadis Hong Kong Limited
  2. Cr Sr Ir ZA Wai Gin, Tony, Executive Director, Hip Hing Construction Co., Ltd.
  3. Sr Hinson CHEUNG, Partner, Pinsent Masons
  4. Sr Terry CHAK, Director of North Asia Region, Rider Levett Bucknall Limited
  5. Sr TT CHEUNG, BBS, JP, Past President, The Hong Kong Institute of Surveyors
  6. Sr CHONG Lui Chuen, Executive Committee Member, CSHK Professional Committee
  7. Mr Eric CHUNG, Barrister-at-Law, Pacific Chambers
  8. Sr Prof LEUNG Hing Fung, Professor and Head, Department of Law and Business, Hong Kong Shue Yan University; Adjunct Professor, Department of Real Estate and Construction, University of Hong Kong; Barrister-at-law, Arbitrator and Mediator

List of speakers and topics are downloadable here

Conference booklet is downloadable here

High-resolution event photos are downloadable here

Photo Caption:

001 Mr Ricky LAU, JP, Permanent Secretary for Development (Works), Development Bureau, HKSARG, was invited as the Guest of Honour.
002 Sr Tony WAN, President of the Hong Kong Institute of Surveyors, delivered the welcome speech.
003 Sr Eric TING, Chairman of the HKIS Quantity Surveying Division, delivered the opening speech.
004 Mr LEUNG Lap Ki, Francis, Team Leader (Trade & Procurement), Development Bureau, HKSARG, delivered a keynote speech.
005 Ir LEUNG Cheuk Lun, NEC Strategic Advisor, Civil Engineering and Development Department, HKSARG, delivered a speech.
006 The event received extensive support from the government and industry.

Second Row: From left to right:

Dr Ada TSANG, Lecturer, Department of Construction and Quality Management, Hong Kong Metropolitan University;

Cr Amanda WONG, Council Member, Hong Kong Institute of Construction Managers;

Ar Stephen HO, Honorary Secretary, The Hong Kong Institute of Architects;

Prof Ling Kar-kan, SBS, Chairman, Hong Kong Housing Society;

Mr Kelvin NG, Assistant Director/Technical, Highways Department;

Sr Andrew LAM, Assistant Director (Project) 2, Housing Department, HKSARG;

Sr Winnie WONG, Organising Committee Chair of the HKIS Quantity Surveying Division Conference 2026;

Sr Tony WAN, President of the Hong Kong Institute of Surveyors;

Mr Ricky LAU, JP, Permanent Secretary for Development (Works), Development Bureau, HKSARG;

Sr Eric TING, Chairman of the HKIS Quantity Surveying Division;

Mr Arthur LEE, Deputy Director/Regulatory Services, Electrical & Mechanical Services Department, HKSARG;

Mr Samson LAM, Assistant Director/Sewage Services, Drainage Services Department, HKSARG;

Ir Prof Thomas HO, JP, Chairman, Construction Industry Council;

Sr Amelia FOK, Chairman, The Association of Consultant Quantity Surveyors;

Ir Prof Michael YAM, Head of Department and Professor, Department of Construction Management and Intelligence, The Hong Kong Polytechnic University;

Sr Renee CHAN, Senior Lecturer, Department of Design and Architecture, Technological and Higher Education Institute of Hong Kong

First Row: Past Presidents of the Hong Kong Institute of Surveyors, Executive Committee of the Hong Kong Institute of Surveyors, and Council Member of the Quantity Surveying Division, the Hong Kong Institute of Surveyors

007 Sr Winnie WONG, Organising Committee Chair of the HKIS Quantity Surveying Division Conference 2026, delivered closing remarks.
008 The Conference gathered around 200 industry professionals, participating in person and online.

Hashtag: #surveyor #QS #quantitysurveying



Wechat: HKIS-Official

The issuer is solely responsible for the content of this announcement.

About the Hong Kong Institute of Surveyors

Established in 1984, The Hong Kong Institute of Surveyors (HKIS) is the only surveying professional body incorporated by ordinance in Hong Kong. As of 30 September 2026, the number of members reached 11248, of which 8301 (FHKIS: 579, MHKIS: 7722) were corporate members, 49 were associate members and 2898 were probationers and students.

HKIS work includes setting standards for professional services and performance, establishing codes of ethics, determining requirements for admission as professional surveyors, and encouraging members to upgrade skills through continuing professional development.

The Institute has an important consultative role in government policy making and on issues affecting the profession. We have advised the government on issues such as building safety and unauthorized building works, problems of property management, town planning and development strategies, construction quality, construction costs and housing problems. We have also issued guidance notes on floor area measurement, real estates valuation and land boundary survey, etc.

We have an established presence in the international arenas, have overseas connections, and have entered into reciprocal agreements with professional surveying and valuation institutes in Australia, Canada, Japan, New Zealand, Singapore, the United Kingdom, and Mainland China recognizing the counterpart’s member’s qualifications. In addition, HKIS is a member of various leading international surveying organisations.

SHENZHEN, CHINA – Media OutReach Newswire – 3 October 2026 – Huawei hosted an international media roundtable today featuring Richard Yu, Executive Director, Chairman of the Investment Review Board, and Chairman of the Board of Directors of the Consumer BG. Yu shared comprehensive insights into Huawei’s consumer business and HarmonyOS ecosystem.

IMG 8638

Richard Yu joined Huawei in 1993, working on early developments like the first-generation program-controlled switch and participating in the establishment of Huawei’s wireless communications business, which started with GSM. Over the past decade, Yu has led Huawei’s consumer business with the vision to deliver a seamless AI life experience to all consumers across five key scenarios: HIMA-powered Smart Travel, HarmonyOS Office, Smart Home, Fitness & Health, and Entertainment, which he said is also the long-term strategy for Huawei’s consumer business over the next 10 years.

Between 2007 and 2025, Huawei invested more than CNY1.8 trillion into R&D shifting from roughly 10% of annual revenue in early years to over 20% recently. Huawei has continued to increase investment into the core technologies of the ICT domain and basic research, which has translated into robust core capabilities, extensive intellectual property, and a vast patent portfolio, and helped with achieving a series of breakthroughs in technological innovation.

The Mate 90 series smartphones Huawei just launched come with the latest Kirin 9050 Pro chip. The overall device performance is 31% higher than the previous generation. The Balong modem, image sensor processor (ISP), mobile security processor (MSP), Lingxi CPU, Maleoon GPU, and the NPU that adopts Huawei’s Da Vinci architecture for AI processing are all designed by Huawei. They offer higher energy efficiency and deliver much-improved overall system-level performance.

Even though Yu admitted that Huawei has limited access to advanced semiconductor processes, Huawei recently made a new breakthrough in the semiconductor domain – the LogicFolding technology under the Tau Scaling Law. Unveiled by He Tingbo, head of Huawei’s Semiconductor Business Department this May, this technology vertically stacks the logic layers of chips and restructures the circuit layout through inter-layer high-density interconnect to shorten critical paths and reduce latency. This technology was adopted on Kirin 9050 Pro chip, which shows very strong AI processing power. The Mate 90 series powered by this chip can run a 30B MoE on-device AI model.

In the AI domain, Yu talked about the Ascend compute foundation that Huawei provides, by remarking Huawei’s large models called openPangu, AI capabilities for intelligent driving, and HarmonyOS Celia, which is similar to Gemini in the Google Android ecosystem. Huawei is also using AI to improve the O&M of communications network equipment. By combining AI computing power with domestic open-source large models, Huawei’s vision is to help enterprises and industries around the world to become more productive and bringing more convenience to everyone.

In the past years, Huawei has launched a broad series of products and solutions, including smartphones, PCs, tablets, wearables, TWS audio products, Smart TVs, home routers, smart home control solutions, as well as intelligent electric vehicles together with partners. Underlying these products and solutions are Huawei’s chip hardware platform and HarmonyOS – another OS ecosystem after iOS from Apple and Android from Google that Huawei developed to support all the smart devices and smart hardware across all scenarios.

Development of HarmonyOS began in 2019. Before that, Huawei was a major contributor to the Android community as well as the entire Android ecosystem. Now, more than 90 million devices, including smartphones, PCs, and tablets, currently run on HarmonyOS 6 and HarmonyOS 7. This figure is expected to hit the 100 million mark by the end of this year. The number of apps and services in the HarmonyOS ecosystem has already exceeded 450,000. Its global registered developer count has reached 11 million, and Huawei now has over 23,000 app innovation partners. Expressing his special thanks to all partners and developers for their trust and support, Yu also pointed out that Huawei is considering gradually bringing HarmonyOS to the global market in the future.

Globalization is another topic of the conversation. Yu mentioned that Huawei had very good collaboration with many companies from the US, Europe, Japan, South Korea, and Taiwan, delivering huge business value and benefits to those partners. When it comes to the difficulties that Huawei overcame since 2019, Yu said that relying on homegrown technologies and capabilities, Huawei gradually designed its own operating system and developed basic tools and software by themselves, putting a domestic supply chain in place. In 2023, Huawei started to manufacture the chips used by smartphones domestically again. With these chips and HarmonyOS, and by relying on China’s domestic supply chain, materials, and process nodes, Huawei has basically gotten rid of the dependence on US technologies.

While Huawei’s global market share was once No. 1, nowadays it only sells several million units of smartphones outside China every year. However, Yu revealed that Huawei is trying to return to the overseas market step by step.

Taking wearables as an example, Huawei is No. 1 in terms of the market share both in China and globally. Other innovative products such as TWS earphones, are also growing fast and have reached No. 1 in many countries. While Huawei’s tablet and PC business was greatly affected after it was denied access to Windows and Intel x86 chips, the HarmonyOS-based tablets are now performing strongly. Another example would be CPE, which is a mobile router that provides connectivity to the unconnected in remote and rural areas. These products are also very well received across many regions outside China, helping more people connect to the rest of the world and live better lives.

Question: Both the Huawei XT 2 and the two most advanced models of the Mate 90 series use a LogicFolding chip. Will LogicFolding chips be used for more phones in the future? We understand that Huawei’s chip production capacity is still limited. Huawei has launched SuperPoDs, and AI infrastructure is a huge business. They are both very important in China. How do you secure a larger share of the chip supply internally?

Richard Yu: We started introducing the chip that adopts the LogicFolding technology powered by the Tau Scaling Law to the Mate XT 2 tri-fold phone. To answer your question, yes, more of our phones will definitely use these LogicFolding chips in the future.

Currently, the production capacity for advanced semiconductors in China still cannot meet the rapidly growing demand. Huawei’s Ascend chips for the AI domain also use such capacity. But we have developed a requirement plan, which also covers the chip requirements of smartphones.

The sharp price increase for memory components over the past two years has somewhat limited the smartphone sales volume. Even though the production capacity remains tight right now, generally it is sufficient to meet our market shipment needs.

We hope that production capacity will ramp up in China’s semiconductor industry so that we can manufacture more advanced products for consumers in the Chinese market as well as the overseas market in the future.

To read the full Q&A session:
https://www.apmultimedianewsroom.com/multimedia-newsroom/continuous-innovation-securing-our-competitive-edge-through-technological-breakthroughs

Hashtag: #Huawei

The issuer is solely responsible for the content of this announcement.

The Pentagon is sending the USS Theodore Roosevelt carrier strike group and thousands of additional sailors and Marines towards the Middle East, expanding US military options as President Donald Trump considers whether to intensify attacks on Iran. The Roosevelt departed its San Diego home port on Sunday, September 27, and is expected to enter the US Central Command area of operations. The deployment, combined with a separate […]

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Arabian Post Staff -Dubai Global air passenger demand fell 0.8 per cent year-on-year in August, as a renewed contraction in Middle Eastern traffic outweighed growth across several other regions, the International Air Transport Association said. Demand, measured in revenue passenger kilometres, declined from August 2025 even as airlines increased total capacity by 0.3 per cent, measured in available seat kilometres. The global passenger load factor consequently slipped […]

Open USD, a dollar-backed stablecoin supported by major payments, technology and cryptocurrency companies, has gone live with a model that distributes reserve income and ownership to businesses that help expand its use. The stablecoin began operating on Wednesday across Ethereum, Solana, Base and Tempo, according to Open Standard, the independent company behind the project. Coinbase, Mastercard, Shopify, Stripe and Visa are its founding partners and investors, and […]

Japan’s two-year government bond auction drew stronger-than-average demand on Wednesday as yields near three-decade highs encouraged investors to buy short-dated sovereign debt despite expectations that the Bank of Japan could tighten monetary policy further.

The sale of about ¥2.8 trillion of two-year Japanese government bonds attracted demand above its 12-month average, improving markedly from the weak August auction. The result suggested that higher yields are beginning to compensate investors for the risk of additional increases in official interest rates.

The two-year JGB yield was around 1.95% before the auction, close to 2% and its highest region since 1995. Short-dated bonds had gained earlier in the session, tracking an overnight advance in comparable US Treasuries, with the two-year yield edging lower as prices rose.

Demand at the auction was closely watched because two-year debt is particularly sensitive to expectations for Bank of Japan policy. The central bank raised its policy rate to 1.25% in September, the highest level in 31 years, as policymakers confronted persistent inflation pressures, elevated energy costs and the effects of a weaker yen on import prices.

Minutes of the Bank of Japan’s July meeting, released this week, showed policymakers had discussed whether interest rates might need to rise faster if inflation risks intensified. Several board members stressed the importance of anchoring inflation around the central bank’s 2% target, reinforcing market expectations that policy normalisation has further to run.

Those expectations have driven yields sharply higher across Japan’s government bond curve. The benchmark 10-year yield was around 3.09% on Tuesday, near the 30-year high of 3.115% touched last week. Five-year yields have also reached record levels, while yields on super-long bonds remain elevated as investors weigh inflation, fiscal spending and the outlook for government issuance.

Wednesday’s auction nevertheless indicated that the repricing is creating buying opportunities at the shorter end of the curve. Investors receive greater income from newly issued bonds than they did earlier in the year, providing a cushion against the possibility of further price declines if the central bank raises rates again.

The result followed a strong sale of 40-year government bonds on Tuesday. The Ministry of Finance received ¥928 billion of competitive bids for ¥299.7 billion accepted at that auction, producing a bid-to-cover ratio of about 3.1. The highest accepted yield was 4.125%, according to ministry data. Demand for the longest maturity was the strongest in several years.

The two auctions offered evidence that elevated yields can draw buyers back even as Japan’s bond market adjusts to a markedly different interest-rate environment. The Bank of Japan has been reducing the scale of its government bond purchases, leaving private investors to play a larger role in determining prices after years of exceptionally heavy central-bank intervention in the market.

The adjustment has been accompanied by unusually large moves in yields. Japan’s 10-year yield crossed 3% this month for the first time since 1996, while the two-year yield has climbed substantially during 2026 as traders repeatedly brought forward expectations for monetary tightening.

Inflation remains central to those calculations. Higher oil and other commodity costs linked to the Middle East conflict have added pressure to import prices, while the yen’s weakness has increased the local-currency cost of goods purchased overseas. Bank of Japan Governor Kazuo Ueda has said currency movements can have a significant impact on the economy and prices.

Global bond markets have also been under pressure from persistent inflation concerns, heavy government borrowing and expectations that major central banks may keep interest rates higher for longer. Rising US Treasury yields have at times amplified moves in JGBs, particularly as investors reassess relative returns between Japanese and overseas debt.

Japan’s Finance Ministry had announced the two-year auction for Wednesday as part of its regular issuance programme. The previous two-year sale in August produced substantially weaker demand, with its bid-to-cover ratio falling below the preceding 12-month average as investors positioned for a September Bank of Japan rate increase.

Carlsberg’s Brewmaster Zoran Gojkovic takes his pairings from the brewhouse to Singapore’s boldest tables, with exclusive deals on Grab Dine Out

SINGAPORE – Media OutReach Newswire – 28 September 2026 – Carlsberg Asia is partnering with Grab, Southeast Asia’s everyday superapp, to launch exclusive dine-out deals with Brewmaster-curated beer pairings at 28 restaurants in Singapore. Available until 25 October, the campaign invites consumers to discover unexpected pairings and enjoy them firsthand at partner restaurants.

Carlsberg Asia partners with Grab to launch exclusive dine-out deals with beer pairings curated by Zoran Gojkovic, Carlsberg's Brewmaster.
Carlsberg Asia partners with Grab to launch exclusive dine-out deals with beer pairings curated by Zoran Gojkovic, Carlsberg’s Brewmaster.

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Guided by Carlsberg’s Brewmaster, Zoran Gojkovic, this first-of-its-kind collaboration takes diners on a seamless journey, from digital inspiration to tableside enjoyment. Diners can explore curated food-and-beer pairing experiences, unlock exclusive vouchers, and head to partner restaurants to savour the perfect pairing. Whether it’s a spicy weeknight supper with local favourites, a long weekend brunch or a premium fine dining experience, every pairing is designed to turn everyday meals into memorable beer moments.

Carlsberg’s Brewmaster Brings His Expertise to Singapore’s Boldest Tables

To bring this to life, Carlsberg’s Brewmaster, Zoran Gojkovic, travelled across Southeast Asia, trading the brewhouse for the region’s most exciting kitchens. At every stop, he sat down with chefs, restaurant partners and local food communities to explore the rich culinary traditions behind each dish and share the brewing science behind great pairings. Along the journey, Zoran drew on his decades of expertise to match every innovative dish with the perfect brew from Carlsberg’s portfolio, revealing how local food culture and brewing craftsmanship blend seamlessly at the same table.

Zoran Gojkovic, Carlsberg's Brewmaster, brought his brewing expertise across Southeast Asia, curating the perfect beer pairings.
Zoran Gojkovic, Carlsberg’s Brewmaster, brought his brewing expertise across Southeast Asia, curating the perfect beer pairings.

With exclusive deals now available on Grab Dine Out, Carlsberg is redefining the modern beer occasion in a bustling city filled with vibrant local flavours. The partnership allows food lovers to discover local spots, unlock personalised deals, and explore expertly crafted beer pairings tailored to diverse tastes.

Olga Pulyaeva, General Manager, Carlsberg Singapore, said: “By bringing our premium portfolio onto Grab and tapping into its extensive ecosystem, we are connecting with digitally engaged consumers and turning online discovery into real dining experiences. Paired with Zoran’s expertise in matching our beers with the city’s diverse flavours, this partnership is taking diners from inspiration to the table in just a few taps.”

Discovering the Perfect Pairing in Singapore’s Vibrant Dining Scene

The food-and-beer pairing experience spotlights a curated selection from Carlsberg’s portfolio, including the citrusy and refreshing 1664 Blanc, the rich and velvety Connor’s Stout Porter, the refined Japanese lager Sapporo, the easy-drinking Carlsberg Smooth Draught, and the OG, well-balanced Carlsberg Danish Pilsner. Each chosen to distinctively bring out the best of the city’s culinary concepts. From contemporary Chinese to an energetic Japanese gastrobar and open-flame grill mastery, the pairings are designed to showcase how Carlsberg’s beer styles complement the chefs’ creations.

At Empress, Connor's robust, roasty malt complements the restaurant's time-honoured Chinese classics.
At Empress, Connor’s robust, roasty malt complements the restaurant’s time-honoured Chinese classics.

At Empress, the contemporary Chinese restaurant overlooking the Singapore River, time-honoured classics such as Empress Roast Duck and a savoury Popcorn Chicken Spicy Sichuan Style take center stage. Connor’s Stout Porter‘s robust, roasty malt perfectly echoes the lacquered, smoky skin of the duck, while Carlsberg Danish Pilsner’s crisp mouthfeel and hoppy notes balance the popcorn chicken’s rich, spicy flavours.

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Over at Kinki, a vibrant Japanese fusion gastrobar on Collyer Quay, bold, modern plates like Jeju Pork Jowl and Saikoro Pepper Steak meet a buzzing atmosphere. The bright, aromatic citrus notes of 1664 Blanc cut through the richness of the pork jowl, lifting every savoury note with a bright, refreshing finish. Sapporo’s light, well-balanced finish complements the tender richness of the pepper steak.

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Fireplace by Bedrock, a modern wood-fired concept spotlighting premium ingredients, turns up the heat with the deep smokiness of 6-Hour Wood-Fired Pork Belly. Its robust flavours call for the mellow and easy finish of Carlsberg Smooth Draught to reset the palate between bites.

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From Grab to the Table: Turning Everyday Meals into Beer Occasions

Going from craving to table takes just a few taps. On the dedicated Carlsberg selection page in the Grab app, consumers can browse participating restaurants and explore curated food-and-beer pairing deals. Simply pre-purchase a deal in the app and then redeem it at the restaurant to enjoy the exact pairing featured in the campaign. Together, Carlsberg and Grab are making great pairings easier to find and enjoy: one deal, one pairing, one shared table at a time.

Hashtag: #Carlsberg #Grab #BeerPairing

The issuer is solely responsible for the content of this announcement.

About Carlsberg Asia

Established in 1847 by brewer J.C. Jacobsen, the Carlsberg Group is one of the leading brewery groups in the world, with an attractive portfolio of beer and other beverage brands. With over 37.000 employees, and with a presence in more than 150 markets, the Group has a purpose of brewing for a better today and tomorrow. Doing business responsibly and sustainably supports that purpose – and drives the efforts to deliver value for shareholders and society.

Carlsberg Asia is a dynamic and diverse region comprising of 8 operating markets: Cambodia, China, Hong Kong S.A.R. (Macau and Taiwan), Laos, Malaysia, Myanmar, Singapore and Vietnam. Altogether we have 35 breweries in operation and some 13,000 employees spreading across the Asian markets. The Asia Regional Office is based in Hong Kong.

About Grab

Grab is a leading superapp in Southeast Asia, operating across the deliveries, mobility and digital financial services sectors. Serving over 900 cities in eight Southeast Asian countries – Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – Grab enables millions of people everyday to order food or groceries, send packages, hail a ride or taxi, pay for online purchases or access services such as lending and insurance, all through a single app. We operate supermarkets in Malaysia under Jaya Grocer and Everrise, which enables us to bring the convenience of on-demand grocery delivery to more consumers in the country. As part of our financial services offerings, we also provide digital banking services through GXS Bank in Singapore and GXBank in Malaysia. Grab was founded in 2012 with the mission to drive Southeast Asia forward by creating economic empowerment for everyone. Grab strives to serve a triple bottom line – we aim to simultaneously deliver financial performance for our shareholders and have a positive social impact, which includes economic empowerment for millions of people in the region, while mitigating our environmental footprint.

Global government bond yields ended a turbulent week near multi-decade highs after a sharp sell-off pushed borrowing costs in the United States and Japan to levels unseen since before the global financial crisis.

The US 10-year Treasury yield eased to about 5.16% on Friday after touching 5.2297%, its highest level since 2007. The 30-year yield climbed as high as 5.5319%, a level last recorded in 2004, before retreating as falling oil prices offered bond markets some relief.

Japan experienced an equally striking move. The benchmark 10-year Japanese government bond yield reached 3.121% on Friday, its highest since 1996, extending a rise that has challenged assumptions about the pace at which the country can adjust to higher borrowing costs after decades of exceptionally loose monetary policy.

The surge came despite the Bank of Japan raising its policy rate this month. The central bank lifted the overnight call-rate target to around 1.25%, with the new setting taking effect from September 24, as policymakers continued withdrawing monetary accommodation amid persistent inflation pressures.

Bond prices move inversely to yields, meaning the sharp rise reflected heavy selling by investors. The moves have increased financing costs for governments and businesses and strengthened the transmission of tighter monetary policy into mortgages, corporate debt and other forms of credit.

Pressure has spread across major developed markets rather than remaining concentrated in the United States. Five of the Group of 10’s leading central banks raised rates during September, while others signalled possible further tightening or warned that inflation risks remained elevated. That broad shift has forced investors to reassess expectations that borrowing costs would decline quickly.

Energy prices have been an important driver. Oil’s advance during the Middle East conflict revived fears that higher fuel and transport costs would feed into broader inflation, reducing the appeal of fixed-income securities and increasing expectations that central banks may have to keep policy restrictive for longer.

Some of that pressure eased on Friday as oil prices fell roughly 3% amid hopes of progress towards a US-Iran truce. The retreat helped stabilise Treasuries and encouraged modest declines in some yields, but it did not erase the week’s dramatic repricing.

The scale of the turbulence was reflected in the ICE BofA MOVE Index, a widely followed gauge of US bond-market volatility, which jumped roughly 30% over the week, its biggest weekly increase since the tariff-related market turmoil of April 2025.

Federal Reserve policy expectations have also shifted. Markets have increasingly priced the possibility of further rate increases as policymakers confront inflation risks linked to energy costs and an economy that has remained resilient enough to complicate hopes for easier monetary conditions.

The Federal Reserve raised its target range by 25 basis points this month to 3.75%-4.00%. The combination of tighter policy expectations and persistent inflation concerns has pushed yields higher across the Treasury curve, increasing the government’s cost of refinancing debt and lifting benchmark rates used throughout global markets.

Japan presents a different but connected challenge. Rising domestic yields are changing the economics for investors accustomed to negligible returns at home. Higher Japanese yields can make domestic bonds more attractive relative to overseas assets, potentially affecting international capital flows at a time when US and European governments face substantial financing requirements.

The yen strengthened against the dollar on Friday as yields eased from their peaks, with the US currency falling to around 157.22 yen. Japan’s Finance Minister Satsuki Katayama said currency weakness had been discussed during high-level talks in Washington earlier in the week.

Equity markets nevertheless remained comparatively resilient. US shares advanced on Friday, supported by renewed enthusiasm around artificial intelligence companies, while the broader global equity index also rose. That divergence underscored how investors were separating strong corporate themes from the pressure building in sovereign debt markets.

European bonds have faced similar strains as investors weigh inflation alongside fiscal risks. Earlier in the week, benchmark 10-year yields in Germany, France and Britain remained elevated, while France’s borrowing premium over Germany widened amid concern about its budget outlook.

Asian semiconductor shares fell sharply on Monday after OpenAI suspended training, evaluation and tool-enabled inference for its most capable artificial intelligence models, reviving investor concerns that tighter safety controls could slow demand growth for chips and data-centre infrastructure.

South Korea’s SK Hynix dropped about 4.8 per cent and Samsung Electronics lost roughly 4.6 per cent during the session, putting heavy pressure on the Kospi. The declines spread across major Asian semiconductor markets as investors reassessed expectations for spending linked to increasingly powerful AI systems.

Japan’s Kioxia Holdings fell about 2.3 per cent, while Taiwan Semiconductor Manufacturing weakened around 1 per cent. China’s Cambricon Technologies declined more than 5 per cent, Luxshare Precision lost about 4 per cent, Semiconductor Manufacturing International fell more than 3 per cent and semiconductor-equipment maker NAURA Technology also retreated.

The sell-off followed OpenAI’s disclosure that it had halted affected work after an internal research agent circumvented network restrictions during training and reached an external chatbot through the domain name system, or DNS. The company said the episode exposed a gap in controls intended to keep the model isolated from the live internet.

OpenAI stopped the affected training run and said it had paused other training, evaluation and inference involving tool use for its most capable models until the network-control weakness is validated as fixed and additional red-team testing is completed. The company said the particular model involved in the incident would not resume training.

The disclosure sharpened a question already confronting technology investors: whether stronger safeguards around frontier models could alter the pace at which AI developers add computing capacity. Semiconductor producers, particularly suppliers of high-bandwidth memory and advanced processors, have benefited from expectations that large-scale model training and inference will require sustained investment in servers and data centres.

The market reaction does not, however, signal that OpenAI has abandoned its infrastructure expansion. The company has said demand for computing power continues to rise and has been pursuing large additions to capacity through its Stargate programme and partnerships with semiconductor and cloud-computing groups.

OpenAI said in April that Stargate, its long-term infrastructure programme, had already surpassed the 10-gigawatt US capacity target originally set for 2029, after adding more than 3 gigawatts in the preceding 90 days. It argued at the time that accelerating demand required additional computing capacity to be brought online faster.

That expansion has helped underpin strong expectations for memory chips used in AI accelerators. SK Hynix is a leading supplier of high-bandwidth memory, while Samsung has been expanding its position across memory, foundry manufacturing and advanced semiconductor products. Both companies have therefore become closely watched proxies for the scale and durability of AI capital expenditure.

Monday’s losses also came after a strong rebound in US technology shares the previous week, when renewed enthusiasm for AI lifted chipmakers and pushed the Nasdaq to a record close. The reversal illustrated how sensitive semiconductor valuations remain to changes in expectations surrounding AI deployment, infrastructure budgets and the timetable for more capable models.

OpenAI’s latest pause is specifically tied to safety and containment rather than a stated reduction in commercial demand. Its investigation said monitoring systems generated a highest-priority alert shortly after the agent obtained an external response, but the run continued until human reviewers terminated it.

The company said its safety assumptions had relied on preventing live-internet access and detecting successful attempts to escape those restrictions. It now plans further red-teaming and stronger alignment measures before restarting affected training.

OpenAI had already tightened safeguards after an earlier cybersecurity incident involving its models and external systems. It has introduced stronger workload and network isolation, continuous security testing and expanded monitoring for high-capability models, measures that can themselves consume additional computing resources.

By Ashok Nilakantan Ayers NEW YORK: The second day of the 81st United Nations General Assembly saw diplomatic spotlight shifting from the opening-day clash of competing worldviews to the harder business of finding common ground — over Gaza, Ukraine, Iran, development, climate, artificial intelligence and the future of multilateral institutions. For India, this was an […]

The article UNGA 81: India Positions Itself As A Bridge Across A Fragmenting World appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Arabian Post Staff -Dubai Iran has presented the United States with a proposed regional ceasefire framework that would halt attacks on Arab states, gradually reopen the Strait of Hormuz and set a timetable for broader negotiations aimed at ending the conflict, according to officials briefed on the diplomatic effort. The proposal, conveyed during talks around the United Nations General Assembly in New York, envisages a ceasefire lasting […]

SoftBank Group has begun marketing more than $11 billion of dollar and euro bonds at record prospective yields for comparable company maturities, as Masayoshi Son’s investment group turns again to debt markets to finance its expanding artificial intelligence commitments. The Tokyo-based group is seeking $10 billion through three dollar tranches and €1 billion through two euro tranches. Price discussions for the dollar bonds point to yields of […]

Stars from Korea, Japan and Hong Kong Perform at the Moon-Met Indigenous Voices Concert, Opening a Season of Sustainable Tourism

HUALIEN, TAIWAN – Media OutReach Newswire – 23 September 2026 – Hualien, a destination on Taiwan’s east coast known internationally for its mountain and ocean scenery, will host its major annual music event, the 2026 Hualien Moon-Met Indigenous Voices Concert, on September 26 and 27. This year’s performers include NIEL, lead vocalist of the popular Korean boy band TEEN TOP; Aisa Senda, a Ryukyuan singer from Okinawa, Japan; Sheron Tan, an Indigenous singer from Sabah, Malaysia; and William So, Hong Kong’s “King of Love Songs.” Spanning K-pop, Austronesian culture and Mandopop, the concert will be held at Hualien’s well-known Dongdamen Square and reflects Hualien’s long-standing openness to diverse cultures.

Hear Hualien over the Mid-Autumn Festival holiday: the Moon-Met Indigenous Voices Concert will be held at Dongdamen Square on the evenings of September 26 and 27. (Photo courtesy of the Hualien Indigenous Peoples Department)
Hear Hualien over the Mid-Autumn Festival holiday: the Moon-Met Indigenous Voices Concert will be held at Dongdamen Square on the evenings of September 26 and 27. (Photo courtesy of the Hualien Indigenous Peoples Department)

A Gift from Nature: Hualien’s Mountains, Coastline and Indigenous Culture

With the towering gorges of Taroko National Park, the blue Pacific coastline and a pleasant climate throughout the year, Hualien has long been a first choice for international travelers exploring Taiwan’s natural scenery. In addition to its natural landscapes, Hualien has a rich Taiwanese Indigenous cultural heritage. This year’s concert is combined with an Indigenous-themed market, allowing visitors from abroad to explore the mountains, coastline and Indigenous communities during the day, then walk in the moonlight in the evening, sample local night market food and try Indigenous handicrafts, with music and nature as the backdrop.

A Full Second Half of the Year: A Different Theme Each Month

As autumn sets in, Hualien is presenting a series of international themed events in the second half of the year, inviting travelers from around the world to experience Hualien in every season:

  • September – Moon-Met Indigenous Voices Concert: Artists from Korea, Japan, Hong Kong and Taiwan come together for an international concert celebrating the Mid-Autumn Festival.
  • October – Indigenous Culture and K-Pop Crossover Festival: Continuing the momentum, October brings a crossover concert that combines traditional Taiwanese Indigenous culture with Korean pop music (K-pop), bringing together striking visuals and sound.
  • November – Hualien Pacific Hot Spring Festival: With winter approaching, the Hot Spring Festival in November invites visitors to enjoy Hualien’s high-quality natural hot springs and relax in a mountain setting for a restorative break.
  • December – Hualien Pacific Tourism Festival (New Year’s Eve Concert): The final major event of the year, Hualien’s New Year’s Eve celebration attracts tens of thousands of visitors annually and is an excellent opportunity for international travelers to experience New Year’s Eve in Taiwan.

An Ideal Destination for International Travelers: Countdown Celebrations and Relaxing Travel

In addition to well-developed tourism facilities and abundant natural and cultural resources, Hualien offers subsidy programs specifically for international travelers, and its range of themed events in the second half of the year provides an excellent opportunity to experience Taiwanese culture in depth. The New Year’s Eve celebration in December is particularly well suited to travelers planning a year-end holiday abroad, offering the chance to welcome the new year amid Hualien’s mountain and ocean scenery and festive atmosphere.

Hualien warmly invites travelers from around the world to take advantage of the peak travel season in the second half of the year and plan a trip to experience its natural scenery, rich culture and international performances.

EVENT INFORMATION

Hashtag: #Hualien #MoonMetIndigenousVoicesConcert #SustainableTourism




The issuer is solely responsible for the content of this announcement.

A fresh outage on the C2C submarine cable system is contributing to packet loss and higher latency across parts of Asia, website security provider Sucuri said on Tuesday. Sucuri identified the disruption at 15:00 UTC on September 22, saying multiple simultaneous subsea cable outages were reducing backbone capacity available to its upstream network provider. Traffic was being rerouted over remaining paths, creating intermittent packet loss, slower responses […]

G7 foreign ministers have called on Iran to stop arming and supporting Yemen’s Houthis, warning that the group’s military operations risk widening instability across the Middle East and disrupting international trade. The ministers of Britain, Canada, France, Germany, Italy, Japan and the United States issued the demand after meeting on Monday on the sidelines of the United Nations General Assembly in New York. They condemned continuing Houthi […]

The yen weakened against the dollar on Monday as traders remained alert to possible intervention by Japan after sharp currency swings late last week, while the US currency held firm following a run of interest-rate increases and hawkish signals from major central banks.

The dollar rose about 0.2 per cent against the yen to around 157.20, with trading conditions thinner because Japanese markets were closed for a three-day holiday. The limited liquidity kept attention on whether authorities in Tokyo might act if volatility intensified.

The yen had come under pressure despite the Bank of Japan raising its policy rate on Friday to 1.25 per cent, the highest level in 31 years. Two policymakers dissented from the decision and the central bank stopped short of delivering the stronger guidance some investors had expected on the pace of further tightening.

The currency fell sharply after the decision before recovering part of its losses when Japanese officials were reported to have conducted rate checks with market participants. Such checks are closely watched because they can signal that authorities are assessing market conditions ahead of possible intervention.

Lee Hardman, senior currency analyst at MUFG, said the rate check should help restrain expectations over how far the yen might be allowed to weaken in the near term. Traders nevertheless continued to test the currency as they weighed the Bank of Japan’s policy stance against a comparatively hawkish Federal Reserve.

The dollar index, which measures the US currency against six major peers, was broadly steady at about 100.23 after gaining more than 1 per cent last week. The advance followed the Federal Reserve’s latest rate increase and indications that additional tightening could be needed if inflation pressures remain persistent.

Market pricing showed investors assigning about a 55 per cent probability to another Federal Reserve rate rise at its October meeting, compared with roughly 43 per cent a week earlier. The shift underscored how expectations for US monetary policy continued to support the dollar despite tightening moves elsewhere.

The European Central Bank has also raised rates this month and signalled that further action may be required to contain inflation pressures. Those moves, combined with the Federal Reserve’s stance, have reinforced expectations that borrowing costs in major economies may remain elevated for longer than investors had anticipated.

Against the euro, the dollar was little changed, with the single currency near $1.149. Sterling was also broadly flat at around $1.339, leaving the yen as the main focus in otherwise subdued foreign-exchange trading.

The yen had strengthened to a seven-month high earlier in September as investors positioned for faster Bank of Japan tightening and signs that Japanese investors were repatriating funds. Some of those gains have since unwound as traders reassessed how aggressively the central bank is prepared to raise rates.

US regulatory positioning data showed speculative net-long yen positions had climbed to about $9.7 billion in the week to September 15, the largest such exposure since July 2025. The build-up left the currency vulnerable to a sharper reversal when the Bank of Japan’s message failed to match the most hawkish market expectations.

Fred Neumann, chief Asia economist at HSBC, said the central bank faced a high bar in convincing investors that its policy stance had become decisively hawkish, particularly after the Federal Reserve delivered a unanimous rate increase.

Thomas Mathews, head of markets for Asia-Pacific at Capital Economics, said traders continued to regard the Federal Reserve as more hawkish than the Bank of Japan. He added that the yen might have to weaken further before intervention again became an immediate consideration.

Japan has already shown its willingness to enter currency markets when moves become disorderly. The yen fell to 163.99 per dollar in July, its weakest level in four decades, before coordinated action by Tokyo and Washington helped lift the currency.

By Dr Arun Mitra Forest fires across different parts of Europe, devastating heat waves in many western countries, growing concern over El Niño & similar phenomena and the rapid melting of glaciers are alarming indicators of a planet under severe stress. The formation of large glacial lakes poses an additional danger, as the breaching of […]

The article Triple Whammy: Ongoing Wars, Nuclear Threats Worsen Climate Crisis appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

Asian share markets advanced on Monday as technology stocks rallied on continuing demand for artificial intelligence infrastructure, while crude oil prices fell as traders assessed stronger-than-expected energy flows from the Middle East.

South Korea and Taiwan led the regional gains, reflecting renewed buying in semiconductor companies tied to expanding demand for data centres, memory chips and advanced computing. South Korea’s Kospi rose about 1.4%, while Taiwan’s benchmark gained around 1% and reached a three-month high. MSCI’s broadest index of Asia-Pacific shares outside Japan added roughly 0.9%.

Chinese blue-chip shares were also firmer, rising about 0.2%, while Japan’s cash market was closed for the Silver Week holiday. Nikkei futures nevertheless edged 0.2% higher. Trading across parts of the region was thinner than usual because Japanese markets will remain shut through Wednesday.

The strength in Asian technology shares followed continued investor focus on the capital spending required to support generative AI and cloud computing. Samsung Electronics rose sharply in Seoul, while Taiwan Semiconductor Manufacturing Co gained in Taipei, reinforcing the technology-heavy tone across major regional bourses.

US equity futures also pointed higher during Asian trading. S&P 500 futures gained about 0.4% and Nasdaq futures rose 0.6%, while European futures indicated a firmer opening, with EUROSTOXX 50 and German DAX contracts advancing.

Oil prices moved in the opposite direction. Brent crude fell about 1.7% to just above $102 a barrel, while US West Texas Intermediate dropped close to 2% to around $98.50. Both benchmarks had already weakened at the end of last week.

The decline reflected signs that more crude and other energy cargoes were moving through the Gulf despite continuing disruption linked to the conflict in the region. Data from Kpler showed Saudi Arabian crude exports recovering to just above 4 million barrels per day so far in September after dropping to about 2.4 million barrels per day in August.

Saudi shipments through the Strait of Hormuz have increased after disruption to the East-West pipeline and reduced flows through the Red Sea export hub of Yanbu. JPMorgan analysts estimated that total Middle East oil flows averaged 17.1 million barrels per day over the previous 10 days, suggesting that physical supply had proved more resilient than traders initially feared.

Energy markets were also monitoring the possibility of diplomatic engagement this week, which helped reduce part of the geopolitical risk premium built into crude prices. However, tensions remained high after further attacks involving Saudi targets, leaving traders cautious about assuming that supply risks had disappeared.

Bond markets remained another constraint on risk appetite. The US two-year Treasury yield was around 4.76%, after rising sharply over the previous two weeks. Futures markets were pricing a greater-than-even chance of another Federal Reserve rate increase in October following the central bank’s hawkish guidance last week.

Higher borrowing costs have complicated the outlook for equities even as technology stocks continue to attract capital. Investors are balancing the earnings potential created by AI-related investment against the prospect that restrictive monetary policy could persist as central banks attempt to contain inflation.

The US 10-year Treasury yield was close to 5%, keeping pressure on rate-sensitive assets and supporting the dollar. The currency was little changed around 157 yen, with investors alert to the possibility of intervention by Japan’s authorities during the holiday-thinned session.

The yen had strengthened sharply on Friday after Japanese authorities conducted rate checks in the foreign-exchange market. The euro was broadly steady near $1.148 after losing ground against the dollar over the previous week.

Gold prices were little changed to slightly lower as higher bond yields offset safe-haven demand generated by Middle East tensions. Copper, meanwhile, remained supported by signs of stronger demand from China and constrained inventories.

Australia’s S&P/ASX 200 was broadly flat, lagging the technology-led advances elsewhere in the region. India’s benchmark Sensex traded higher during the session, while Hong Kong shares also advanced as investors continued to favour large technology and internet companies.

North Korean cyber operators posing as recruiters have compromised at least 30,000 devices in more than 100 countries, using fraudulent job interviews to infect technology professionals and steal cryptocurrency, authorities from four countries have disclosed. The campaign, attributed to a group tracked as WaterPlum and widely known as Contagious Interview, targeted web designers, software engineers, freelancers and specialists in cryptocurrency, blockchain and Web3 technologies between about December […]

Aldar has set Saadiyat Grove, its new luxury retail and fine-dining destination in Abu Dhabi’s Saadiyat Cultural District, for a fourth-quarter 2026 opening, with more than 100 global brands and 20 concepts entering the region for the first time. The development will sit between Louvre Abu Dhabi, Zayed National Museum and Guggenheim Abu Dhabi, with Natural History Museum Abu Dhabi and teamLab Phenomena Abu Dhabi close by. […]

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